South Stream

The board of directors of Russia's energy giant Gazprom will consider buying an additional stake in the company Juzni Tok Srbija (South Stream Serbia) AG.

This will happen on February 13, Gazprom has announced, according to TASS.

This will happen on February 13, Gazprom has announced, according to TASS.

The joint project company South Stream Serbia AG (51 percent owned by Gazprom, and 49 percent by Serbia) was established by Serbia and Russia in order to build the now abandoned South Stream gas pipeline, that was designed to diversify the supply of Russian gas to Europe, TASS said.

BELGRADE - Serbian PM Ana Brnabic confirmed on Monday that construction of the Serbian Stream - a gas pipeline from Bulgaria to Serbia that will replace the South Stream - would begin soon.

She said the South Stream company, established for the project to build the gas pipeline of the same name, would be renamed accordingly.

The Serbian prime minister said the South Stream company, established for the project to build the gas pipeline of the same name, would be renamed accordingly.

"Currently we are designing Nis-Dimitrovgrad (pipeline) and I believe we will begin to build it, too, soon," the Brnabic said on Monday in Belgrade.

The construction of the reception terminal for the Turkish Stream gas pipeline starts on the Black Sea coast of Turkey.

The South Stream Transport B.V. has announced the start of the construction of TurkStream Offshore Gas Pipeline’s receiving terminal.

Serbia may become an important transit country for Russian natural gas if it joins the Turkish Stream gas pipeline project, Russian President Vladimir Putin said on Tuesday.

European leaders agreed to extend economic sanctions against Russia by 6 months. European Council President Donald Tusk revealed that at the summit on Thursday, EU countries have agreed to resume economic sanctions against Russia again, the France press reported.

Russian Energy Minister Alexander Novak left open the prospect of the construction of a second pipeline of the Turkish Stream through Greece. In an interview to Turkish news agency Anadolu, Mr.

Gazprom said on Aug. 14 that new U.S. sanctions against Moscow would not result in the Russian gas exporter having to make changes to key projects, although they could cause delays.